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Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study | Video Based |
Course Overview
The Strategic Sourcing certification course is a 12-week duration programme and is designed for MBA students. The certification course covers a comprehensive curriculum that includes an introduction, imperatives and evolution of strategic sourcing, supply process, need identification, technology in sourcing, reverse auctions and bidding.
The Strategic Sourcing certification by NPTEL equips the students with the required skills and knowledge of strategic sourcing. The students gain hands-on training with the support of leading industrial experts and will be able to apply the learned concepts in real-world projects.
Also Read: Online Logistics And Supply Chain Management Courses & Certifications
The Highlights
- Video Course
- 12 Weeks Course
- Completion Certification
Programme Offerings
- hands-on training
Courses and Certificate Fees
| Fees Informations | Certificate Availability | Certificate Providing Authority |
|---|---|---|
| INR 1000 | yes | IIT Madras (IITM) |
Eligibility Criteria
Upon the completion of the Strategic Sourcing certification course, the students must appear for examination and clear it to get the certificate.
What you will learn
After completing the Strategic Sourcing certification syllabus the students will gain in-depth knowledge of strategic sourcing, various strategic decisions for outsourcing and development. They will also learn about the transformation of purchasing and the role of communications, global markets and the Internet in sourcing process design.
Upon completion of the Strategic Sourcing training, the students can gain employment opportunities in companies dealing with procurement or sourcing-related activities. They will also gain an understanding of the role of pricing, cost management and contracts with suppliers. With hands-on training from industry professionals, the students gain the required skills and knowledge in the field.
Who it is for
The Strategic Sourcing online course is designed for students and working professionals to develop their skills and knowledge. This course is also beneficial for:
Admission Details
To join the Strategic Sourcing classes, follow the below-mentioned steps:
Step 1: Browse the link mentioned below:
https://nptel.ac.in/courses/110106435
Step 2: Students can "Login In" and Sign In with a Google account or create a separate account.
Step 3: Fill out the registration form with the necessary details, submit it and join the course.
The Syllabus
- Introduction, Imperatives and Evolution of Strategic Sourcing
- Supply process and Need Identification
- Sourcing strategy: Organizational design
- Strategic sourcing framework: Spend analysis & devising strategy
- Technology in Sourcing, Reverse Auctions and bidding
- Strategic Cost Management
- Sustainability
- Negotiation
- Contracts and Compensation Arrangements
- Supply selection, evaluation process and outsourcing
- Multi-Criteria-Decision-Making for supplier evaluation
- Global supply management and Supply Risk
Evaluation process
The students must score a minimum of 25 percent in assignments and 75 percent in the written exam out of a total of 100. The examination fee is Rs 1000.
IIT Madras (IITM) Frequently Asked Questions (FAQ's)
The duration of the certification course is 12 weeks. The students gain in-depth knowledge of strategic sourcing and all the other aspects related to it.
The course's extensive curriculum covers various topics such as strategic sourcing framework, spend analysis, sourcing strategy: organisational design, contracts, compensation arrangements, supply selection, evaluation process and outsourcing and global supply management.
The intended audience for this course is MBA (Master of Business Administration) students.
Candidates must achieve a minimum of 10 out of 25 percent in the assignment and 30 out of 75 percent in the final proctored examination to pass the NPTEL Online Certification.
After completing the course the candidates can seek opportunities in all the companies dealing with procurement or sourcing-related activities.